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Qtrade review

Founded 2000HQ Vancouver, British Columbia, CanadaPlatforms Web, Mobile

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No integration. QuantWheel cannot read accounts at Qtrade, so you cannot use it with QuantWheel.

Fee per contract
$0.75 per contract
to open a contract
Exercise and assignment
Exercise Representative rate; $45 minimum, assignment $30
per event
Approval
Naked
up to naked short options
Margin rate
Not published
on a $50,000 balance
Countries
Canadian residents only
from the broker's own pages

What you can trade

From the options agreement

  • 0DTE (Not published)
  • Index options (SPX)
  • Options on futures (Not published)
  • Spreads in an IRA, not offered
  • Portfolio margin (Not published)
  • Paper trading (Not published)
  • 24/7 support, not offered

PlatformsWeb, Mobile

Cost to open

Per-contract fee only

One cash-secured put1 contract
$0.75
Ten-lot iron condor40 contracts
$30
Twenty covered calls20 contracts
$15
One turn of the wheelput assigned, call exercised, 2 contracts
Not published

Exchange fees and per-order minimums are extra where the fee schedule has them.

What Qtrade costs for the way you trade

A year of fees from Qtrade's published prices, checked 7 and 8 October 2026.

How you trade
8
1
$1.20
Qtrade standard price$5.55 a trade, 4.6% of your premium
$533 a year
Among 5 brokers open to residents of CanadaLowest is Wealthsimple at $0.00 a year, plus small regulatory fees it does not publish
3rd on the fees it publishes

Not counted because Qtrade does not publish them: clearing fee, options regulatory fee, SEC fee, live options quote price, inactivity fee.

Compare every broker for this pattern

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No integration. QuantWheel cannot read accounts at Qtrade, so you cannot use it with QuantWheel.

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Fees explained

What each line of the fee schedule means for an options order

Qtrade

$0.75 per contract, charged on each leg. A ten-lot iron condor is 40 contracts, so $30 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.

Not published Cost to open

The options agreement approves up to naked short options in a margin account. Spreads are not allowed in an IRA. It does not publish whether portfolio margin is offered.

Not published.

What changed at Qtrade

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Questions people ask

Answered from the documents above

Qtrade

No; QuantWheel cannot read accounts at Qtrade. Connect Qtrade

$0.75 per contract, and Exercise Representative rate; $45 minimum, assignment $30 per exercise or assignment, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers

It does not publish whether 0DTE trading is allowed. Index options such as SPX are offered. The options agreement approves up to naked short options in a margin account. Brokers for 0DTE

Canadian residents only, according to Qtrade's own pages. Check with Qtrade before you open an account. Brokers by country

Facts from Qtrade's own fee schedule and options agreement, checked 8 October 2026.